Western Digital Corporation $WDC Stock Holdings Raised by LGT Group Foundation

LGT Group Foundation grew its stake in Western Digital Corporation (NASDAQ:WDC) by 330.6% during the third quarter, HoldingsChannel.com reports. The firm owned 175,517 shares of the data storage provider’s stock after purchasing an additional 134,760 shares during the period. LGT Group Foundation’s holdings in Western Digital were worth $22,921,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Aull & Monroe Investment Management Corp acquired a new stake in Western Digital during the third quarter valued at approximately $240,000. Schroder Investment Management Group lifted its holdings in Western Digital by 74.1% during the 3rd quarter. Schroder Investment Management Group now owns 121,000 shares of the data storage provider’s stock worth $14,527,000 after buying an additional 51,504 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Western Digital in the 3rd quarter worth approximately $5,391,000. B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Western Digital by 65.4% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 56,187 shares of the data storage provider’s stock valued at $6,746,000 after acquiring an additional 22,209 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Western Digital in the 3rd quarter valued at approximately $1,396,000. Institutional investors own 92.51% of the company’s stock.

Insider Activity

In other news, insider Vidyadhara K. Gubbi sold 10,148 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total transaction of $2,743,105.88. Following the completion of the transaction, the insider directly owned 107,794 shares in the company, valued at approximately $29,137,796.14. The trade was a 8.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew E. Massengill sold 36,926 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total value of $9,616,638.18. The SEC filing for this sale provides additional information. Insiders have sold a total of 84,277 shares of company stock worth $22,091,068 over the last ninety days. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WDC shares. Wells Fargo & Company raised their price objective on Western Digital from $260.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Loop Capital boosted their target price on shares of Western Digital to $250.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Morgan Stanley increased their target price on shares of Western Digital from $260.00 to $306.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Rosenblatt Securities restated a “buy” rating and issued a $340.00 price target on shares of Western Digital in a research report on Wednesday, February 4th. Finally, Barclays lifted their price target on shares of Western Digital from $240.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.58.

Trending Headlines about Western Digital

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Company completed the spin‑off of its flash business and repositioned as a pure‑play HDD supplier, reportedly selling a ~$3.1B stake and securing long‑term hyperscaler agreements that fully book HDD production through at least 2028 — this improves cash, reduces leverage and gives multi‑year revenue visibility. Western Digital Bets On Pure HDD Future With Hyperscaler AI Demand
• Positive Sentiment: Management and analysts highlight sold‑out nearline/HDD capacity for 2026 and guidance pointing to material revenue and margin expansion driven by AI (video, large‑model data), underpinning a structural re‑rating story. Western Digital: AI’s Unsung Storage Backbone
• Neutral Sentiment: Options flow and institutional activity show heightened trading interest — large option bets and increased analyst coverage keep liquidity high but also increase short‑term volatility. Western Digital’s Options: A Look at What the Big Money is Thinking
• Neutral Sentiment: Consumer retail promotions and pricing anomalies (e.g., SSD deals) create short‑term retail noise but have limited impact on the enterprise HDD thesis that’s driving the stock. This 2TB WD SN850X is cheaper from Walmart than the equivalent 1TB model in a strange deal
• Negative Sentiment: Multiple insider sales were disclosed (senior execs sold shares on March 4), which can sap near‑term sentiment even if sales are for diversification; investors often view clustered executive selling as a caution flag. Western Digital (NASDAQ:WDC) Insider Sells $2,501,349.48 in Stock
• Negative Sentiment: Analysts warn of valuation and cyclical peak risk — some argue recent gains price in peak AI storage demand and a pullback or normalization in hyperscaler buying could trigger downside. Market anxiety after a very large prior run (and a recent sharp sell‑off episode) contributes to heavier profit‑taking. Western Digital: Strong AI Tailwinds, But Valuation Signals Cyclical Peak Risk What Drove WDC Stock’s Historic 490% Jump

Western Digital Stock Performance

Shares of WDC opened at $245.25 on Monday. Western Digital Corporation has a 1 year low of $28.83 and a 1 year high of $309.90. The company has a market cap of $83.15 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 0.56 and a beta of 1.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The firm has a fifty day moving average of $246.38 and a 200-day moving average of $173.21.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The company’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 earnings per share. As a group, equities analysts anticipate that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th will be given a $0.125 dividend. The ex-dividend date is Thursday, March 5th. This represents a $0.50 annualized dividend and a yield of 0.2%. Western Digital’s dividend payout ratio is 5.02%.

About Western Digital

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.